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Student Loan Forgiveness Bonanza: Biden’s Plan to Zap Debts Before 2024 Election

The Biden administration's student loan forgiveness plan aims to wipe out debts for millions of Americans, starting as early as this fall. This move aims to boost the Democratic presidential candidate in the upcoming 2024 election, as it resonates with young voters and contrasts with the Republican stance of opposing debt relief for students. However, the plan could face possible legal challenges, which could delay or prevent its implementation.